Page 38 - Hanford Chamber of Commerce: Small Business Startup Toolkit

Startup Checklist

After reviewing this Business Toolkit please use the Startup Checklist that is designed for business owners as
a general reference guide to plan and prepare adequately for entry into the world of entrepreneurship. This
is a collection of steps concluded from all the material provided in this toolkit.

CHECKLIST

Prepare a written business plan with nancial statements included

Decide whether you wish to operate as a sole proprietorship, partnership or corporation

Choose a business name and determine if it must be registered

Establish a source of adequate and reliable nancing

Check on zoning ordinances

Select a suitable location

Retain an attorney and CPA, if appropriate

Acquire all necessary licenses and permits.

Obtain tax ID number and forms.

Open bank accounts.

Choose an accounting system and method of inventory control

Arrange for utilities, telephone and other services.

Determine insurance coverage needs.